North America Electric Motor Market Forecast 2019-2027

Key Findings
The North America electric motor market is expected to project a CAGR of 6.43% in terms of volume and 5.32% in terms of revenue during the forecast period. It is the largest market with regards to revenue. The increasing utilization of AC motors across industrial applications, increasing manufacturing units, rising demand for energy-efficient motors, etc. are the factors driving the North America market.

Market Insights
The North America market is assessed on the basis of markets across the regions such as the United States and Canada. The rise in awareness about efficient energy use is propelling market growth. The United States market takes center stage in the North American region as a result of the electric motor market, the largest aerospace industry, presence of the automotive market, and significant developments in various end-user industries. The inventions with regards to configuration and customization, by the companies in the US and Canada market, is influencing the growth of the market, along with the manufacturing sectors contributing in a significant manner.

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